Bernard Arnault’s five children are locked in an increasingly poisonous conflict for control of LVMH. So disruptive is their fratricidal battle consensus is growing among investors and the higher echelons of LVMH that the role of the next boss of the world No. 1 luxury group and Europe’s second-biggest company by market cap cannot be assumed by one of Bernard Arnault’s children.
The sooner Arnault comes to terms with that and makes it official, the faster the conflict will end. A strong outsider will be needed to mediate and run the group, people with direct knowledge of events told Miss Tweed.
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